Fed Ponders How Quickly to Try to Inflict More Pain on the Economy to Get Inflation to 2%
Debates inside and outside the Fed as to what it should do next about inflation pick up as its annual Jackson Hole conference approaches.
Read more...Category Archives: The destruction of the middle class
Stigler Center/ProMarket Hypocrisy: Published, Then Removed Post That Justified Anti-Trust; Bogus Excuses Demonstrate University of Chicago Failed Econowashing of Hard Core Neoclassical Stance
ProMarket and the Consumer Welfare Standard: Output increase is not sufficient to increase welfare. Allocation, aka distribution, matters.
Read more...A Peek at Big Pharma’s Playbook That Leaves Many Americans Unable to Afford Their Drugs
The Biden Adminstration has implemented some modest curbs on drug prices. Big Pharma is fighting a rearguard action in court.
Read more...How Javier Milei Upset Argentina’s Political Status Quo
Yves here. We’re featuring a post from openDemocracy on Argentina’s primary results that had far-right candidate Javier Milei beating the candidates of the two parties that have been in power for two decades. The post is telling, and not in a good way. Milei does advocate extreme views (not that he can go as far […]
Read more...The Rise of Private Cops: How Not to Tackle Homelessness
Why a story on the abuse of private power, here a security guard beating up the homeless on public property, does not go far enough.
Read more...“We Need to Raise a Lot More in Tax from the Wealthy but That Does Not Convince Me That We Need a Wealth Tax”
Why a wealth tax is not only no magic bullet, but also not likely to work very well.
Read more...The Overlooked Role of the Financial Crisis in the Subjugation of Europe
Europe faces permanent economic diminution thanks to following US sanctions But did the financial crisis pave the way for this self-sabotage?
Read more...Are Corporate Executives Expendable?
Analysts across the political spectrum challenge massive paychecks of corporate chiefs—and whether companies can survive without them.
Read more...Angus Deaton on How Neoliberal Ideology Produced Abject US Falling Life Expectancy for Less Educated
Angus Deaton returns to his deaths of despair theme, with updated data and a pointed critique of the role of Chicago School libertarians.
Read more...Oil, Gas, Wages, Interest Rates: Biden’s Other 2024 Risks
A supposedly good economy has not helped Biden much and trends such as oil prices do not look to be in his favor.
Read more...The Nationalist Right Tries a New Formula to Sell the European Neoliberal Project
In Italy and elsewhere, the right combines anti-immigrant and chauvinist measures with neoliberal policy.
Read more...More on the Collapse of Operational Capabilities in the West: How Did We Get Here
Some thoughts on the rapid decline in operational capabilities, or why tons of people, particularly those in charge, are no good at their jobs
Read more...Fascism is the Western Answer to Class Struggle
Rob Urie makes a reasoned, data-backed case that the tools used in supposed democracies to enforce class standing merit the label of fascism
Read more...Delivery Workers File Wage Theft Complaints Against DoorDash
DoorDash behaves badly via selective non-compliance with a new law setting pay rules for food delivery workers.
Read more...Energy Destinies – Part 8: Pathways
Satyajit Das concludes his series on the future of energy by looking at curbing demand, aka radical conseration.
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